Looking to diversify beyond PGHY? The ETFs below have the lowest correlation with PGHY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PGHY.
Best Diversifiers for PGHY
451 ETFs have low correlation with PGHY (below 0.3), 70 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.30 | -0.07 | 0.00 | 82 | Oil & Gas | PGHY vs UGA | |
| Invesco DB Energy Fund | -0.29 | -0.09 | 0.01 | 57 | Oil & Gas | PGHY vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.05 | 0.02 | 56 | Commodities | PGHY vs GSG | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 65 | Inverse Equities, Leveraged Equities | PGHY vs MSTZ | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.27 | -0.06 | 0.02 | 52 | Commodities | PGHY vs COMT |
See all 1564 diversifiers for PGHY
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